An inexperienced book keeper has drawn up a Trial balance for the year ended 31st March, 2025. Particulars Debit (₹) Credit (₹) Provision for…

CA Foundation · Accounting · MTP · September 2025
An inexperienced book keeper has drawn up a Trial balance for the year ended 31st March, 2025. Particulars Debit (₹) Credit (₹) Provision for Doubtful Debts 1,000 - Cash Credit Account 6,616 - Capital - 18,364 Trade payables - 6,548 Due from customers 11,932 - Discount Received 1,008 - Discount Allowed - 2,932 Drawings 4,800 - Office Furniture 8,620 - Carriage Inward - 3,316 Carriage Outward 2,320 Purchases 43,692 - Returns Inward - 2,320 Rent & Rates 1,256 - Salaries 10,080 - Sales - 67,528 Inventory 9,672 - Provision for Depreciation on Furniture 1,456 - Total 1,02,452 1,01,008 Draw up a corrected Trial Balance by debiting or crediting any residual errors to a suspense account.

Suggested Answer and Working Notes:

Trial Balance as on 31st March, 2025 Particulars Dr. ₹ Cr. ₹ Provision for Doubtful Debts – 1,000 Cash credit account (Bank overdraft) – 6,616 Capital – 18,364 Trade payables – 6,548 Dues from customers 11,932 – Discount Received – 1,008 Discount allowed 2,932 – Drawings 4,800 – Office furniture 8,620 – Carriage inward 3,316 – Carriage outward 2,320 – Purchases 43,692 – Returns Inward 2,320 – Rent & Rates 1,256 – Salaries 10,080 – Inventory* 9,672 – Provision for Depreciation on Furniture – 1,456 Sales – 67,528 Suspense Account (Balancing figure) 1,310 – Total 1,02,250 1,02,250 * considered as opening inventory.

Topics: Trial Balance

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